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Currencies

USD Hits 12 Month Highs on Renewed Turkish Geopolitical Tensions

By Jai Tiwari
13 Aug, 2018

The USD Index (DXY) closed above 96.00 for the first time since July 2017. The gains come amid a risk aversion spike led by an unprecedented 17% plunge in the Turkish Lira (TRY), against the backdrop of worsening US – Turkish relations.